Agriculture and agri-technology technology is a growing industry in Canada and around the world, and its future is uncertain.
But a new report from the Canadian Agricultural Technology Association (CAATIA) suggests it could be one of the fastest-growing sectors in the country.
The group says it predicts that agriculture and agribusiness will create up to 5 million jobs over the next decade, with the sector adding about 1.5 million new jobs per year over that time.
That’s up from about 2.5 jobs per job created in 2014.
The CAATIA said that if agriculture and agriculture technology is managed well, it could create as many as 9.3 million jobs in the province of Quebec.
The report notes that the sector will grow significantly in Canada’s largest provinces, especially Alberta, Saskatchewan, and Manitoba.
The province of Alberta alone has a projected population of about 6.3 billion people, while Saskatchewan is projected to have a population of just over 5.3 people per person.
While the CAATIas estimates are based on the growth rates of the agribotanical, agrochemical, and agro-chemicals sectors, it notes that agrotech could create up the same amount of jobs as all other sectors combined.
“In our projections, agtech could contribute between 5 million and 9.5,000 new jobs in Canada over the same period,” said John Levesque, the executive director of the CAITA.
“This is an area of great opportunity, especially in Canada where we have a great talent pool and strong technology base, particularly in agro technology.”
Agribusying is an important sector in Canada, as it’s responsible for around 10 per cent of the countrys food and beverage industry, according to CAATICA.
But its growth in recent years has been slowed by rising food prices and declining food production.
The sector grew at an average annual rate of about 2 per cent in 2015, according the CAATS.
That means that agribustering is projected at about 5.8 per cent growth in the next 10 years.
The number of jobs created in agriculture and agricultural technology grew by about 30 per cent from 2014 to 2015, but the number of new jobs actually fell by 10 per cen, according CAATIAS report.
This could lead to a further decline in agricultural jobs over time.
The industry has experienced a number of disruptive events in recent decades.
In the mid-1990s, farmers faced an agricultural crisis due to a lack of food.
Farmers and agropowers faced a decline in demand for their products.
In 2015, the federal government introduced a new system for regulating agricultural chemicals, which resulted in a dramatic increase in the price of agribots and agrobacterials.
The agribotics industry also faced competition from other industries, including the pharmaceutical and chemical industries.
These factors are likely to continue to have an impact on the industry in the future, said Levesques co-author, Michael O’Hara, a researcher with the University of Toronto’s Centre for International Governance Innovation.
“I think we’re seeing a lot of new entrants to the agro industry and a lot more innovation is happening in that space,” he said.
The main challenges to the sector are regulation, supply chains, logistics, and pricing, Levesques said.
Agribustered products are also increasingly marketed in other countries, such as China, which has already made significant strides in reducing its reliance on agribotech products.
And while CAATS has forecast that agriculture technology will continue to grow at an annual rate in Canada of about 1 per cent for the next five years, the agency also cautions that this growth could be offset by slower demand for agributant products in the Canadian marketplace.
The Canadian Agricultural Development Agency estimates that the Canadian food system is in dire need of agricultural innovations, with an estimated one-in-five Canadians not receiving a daily dose of a farm product, according.
The lack of agricultural products in foodstuffs is also the biggest problem facing Canada’s agribu industry.
Canada has the second highest per capita consumption of grain in the world behind the US, and the number is expected to grow further in coming years.
However, according, the Canadian Government has made little progress in reducing the country’s reliance on grain, according a report released by CAATS last month.
The agency says that a key part of its plans is to create a Canadian agricultural innovation strategy that includes a roadmap for increasing farm productivity, creating more high-value agricultural products, and increasing the efficiency of food production, all of which are key to improving food security in the coming years and into the future.